An Accountant Is Liable for Negligence Only to Third Parties

question 57

Multiple Choice

An accountant is liable for negligence only to third parties with whom the accountant is in privity or in a privity-like relationship under which standard of liability?

• A) the Ultramares doctrine
• B) the Restatement (Second) of Torts standard
• C) the strict liability standard
• D) the foreseeability standard
• E) the auditing liability standard